Small business investment companies are:
A. a group of wealthy local businesspeople and other investors who may be external sources of equity funding.
B. firms funded by the Small Business Administration that make investments based on projected future income and generally require a substantial return as either equity or profit.
C. private firms licensed and regulated by the Small Business Administration to make "venture" investments in small firms.
D. the dominant suppliers of external financing to small firms.
Answer: C
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